Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

ABSSSI is not dead.

The phase 3 trials would have been expensive to finance on our own.

Deal terms on it may not have been good enough for Leo's taste OR doing a deal on ABSSSI would have muddied the waters of doing a deal on the more lucrative anti-inflammatory indications.

Once we have ample cash, ABSSSI will be put through the required phase 3 trials and will be sold for a tidy profit.